Central Banking

Kazakhstan aims for hat-trick in banknote beauty parade

Kazakhstan's new 1,000 tenge note

The National Bank of Kazakhstan is hoping to make it a hat-trick of victories in the International Bank Note Society's (IBNS) Banknote of the Year competition, but faces stiff competition from new notes brought out last year by central banks ranging from the Central Bank of Libya to the Federal Reserve.

The competition was launched in 2005 to judge the best note introduced in 2004, with the Bank of Canada carrying off the inaugural award in recognition of its $20 note. Since then, the title has

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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